projected impact of Umugini and UM3. For argument sake using additional production from UM3 of 4500 bopd – 7% Shell line loss = 4185 bopd x 180 days = 753,300 half year production @ netback of $88 = $66,290,400
Add the $16MM from pipeline loss benefit from my post below = $82,290,400
Had the Umugini pipeline been operational and UM3 in production MMT would have seen an approximate improvement of $82MM in the first half of the year.
I’m sure someone can refine these numbers further but they do underscore the importance of Umugini and what the future might look like.